DHAKA, July 29, 2025 (BSS) - The government today approved a proposal in principle for signing an agreement between Bangladesh Chemical Industries Corporation (BCIC) and SABIC Agri-Nutrients Company of Saudi Arabia to import urea fertilizer under a government-to-government (G2G) arrangement for the current fiscal year.

The approval came at the 23rd meeting of the Advisers Council Committee on Economic Affairs this year, held today at the Cabinet Division Conference Room in the Bangladesh Secretariat with Finance Adviser Dr Salehuddin Ahmed in the chair.

After the meeting, the Finance Adviser briefed reporters. 

The committee also approved in principle another proposal to hand over Jalil Textile Mills Limited, located at Bhatiari in Chattogram and under the Bangladesh Jute Mills Corporation (BJMC), to the Bangladesh Army for expanding the Bangladesh Ordnance Factories (BOF) in the Chattogram area.

Relevant advisers and secretaries attended the meeting.